Dominican Republic: Athletic Footwear Market 2024

Athletic Footwear Market Size in the Dominican Republic

In 2022, the Dominican athletic footwear market increased by 1.9% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a prominent increase. Athletic footwear consumption peaked in 2022 and is expected to retain growth in the immediate term.

Athletic Footwear Production in the Dominican Republic

In value terms, athletic footwear production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The growth pace was the most rapid in 2016 when the production volume increased by 41% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Athletic Footwear Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in overseas shipments of athletic footwear, which decreased by -95.9% to X pairs in 2022. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 86,665%. The exports peaked at X pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, athletic footwear exports declined sharply to $X in 2022. In general, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 91,106% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X pairs) was the main destination for athletic footwear exports from the Dominican Republic, with a 60% share of total exports. Moreover, athletic footwear exports to Haiti exceeded the volume sent to the second major destination, Cuba (X pairs), twofold. France (X pairs) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+230.8% per year) and France (+46.7% per year).

In value terms, the largest markets for athletic footwear exported from the Dominican Republic were Haiti ($X), Cuba ($X) and Chile ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Cuba, with a CAGR of +183.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average athletic footwear export price stood at $X per pair in 2022, reducing by -72% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 58%. Over the period under review, the average export prices attained the maximum at $X per pair in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Haiti ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Athletic Footwear Imports

Imports into the Dominican Republic

In 2022, overseas purchases of athletic footwear increased by 23% to X pairs, rising for the second year in a row after two years of decline. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 66% against the previous year. Over the period under review, imports reached the peak figure at X pairs in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports surged to $X in 2022. Overall, imports recorded notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) was the main athletic footwear supplier to the Dominican Republic, accounting for a 97% share of total imports. It was followed by Vietnam (X pairs), with a 0.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.0%.

In value terms, China ($X) constituted the largest supplier of athletic footwear to the Dominican Republic, comprising 96% of total imports. The second position in the ranking was held by Vietnam ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.8%.

Import Prices by Country

The average athletic footwear import price stood at $X per pair in 2022, surging by 16% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure at $X per pair in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for China stood at $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.6%).

Source: IndexBox Platform

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